Business
ENPAR Announces Private Placement of $1,000,000
(via Thenewswire.ca) August 29, 2013, Guelph, Ontario. ENPAR Technologies Inc. (TSX...
About this update from Current Water Technologies Inc
[{"type":"text","content":"ENPAR Announces Private Placement of $1,000,000(via Thenewswire.ca)\n \n \nAugust 29, 2013, Guelph, Ontario. ENPAR Technologies Inc. (TSX-V: ENP) (\"ENPAR\" or \"the Company\" or \"the Corporation) announces that conditional approval has been granted for a non-brokered, private placement with an Investor. \n\n \n \nThe Placement will be for 12,500,000 Units at a price of $0.08 per unit. Each Unit will be comprised of one Common Share in the capital stock of the Corporation and 0.45 of a Common Share Purchase Warrant exercisable for a period of two (2) years from the date of closing. Should the Investor wish to fully exercise the Warrants, the Investor will be entitled to purchase a total of 5,625,000 additional Common Shares at price of $0.11 per share.\n\n \n \nThe proceeds of this Placement will be used for marketing and manufacturing initiatives, and for general working capital.\n\n \n \nThe private placement is subject to regulatory approval by the TSX Venture Exchange.\n\n\n \nAbout ENPAR Technologies Inc.\n\n\n \nENPAR is a \"Technology Company\" applying its patented and proprietary \"Electrochemical Technologies\" to the treatment of waste water, desalination water and drinking water contaminated by metals or nutrients, i.e., nitrate/ammonia associated with the mining, metal processing, chemical, agricultural, municipal and waste management sectors. The common shares of the Company trade on Tier ll of the TSX Venture Exchange under the symbol \"ENP\". \n\n\n \nNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.\n\n \n \nFOR FURTHER INFORMATION PLEASE CONTACT:\n\n \n \nDr. Gene Shelp, President and CEO\n\n\n \nTel: 519.836.6155\n\n\n \nFax: 519.836.5683\n\n\n \nE-mail: [email protected]\n\n\n \nWeb Site: www.enpar-tech.com\n\n \n \n70 Southgate Drive, Unit 4,Guelph, ON, CANADA N1G 4P5\n\n \n \nForward Looking Statements\n\n \n \nThis news release contains forward-looking statements within the meaning of the \"safe harbour\" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and other factors that may cause ENPAR Technologies Inc. results to differ materially from expectations. These...